JEDDAH: Saudi Arabia’s Crown Prince Mohammed bin Salman visited the Saudi Railway Polytechnic (SRP) in Buraidah on Wednesday, where he was briefed on the progress of the Haramain High-Speed Railway project.
The crown prince was received by Qassim deputy govenor Prince Fahd bin Turki, Transport Minister Nabil bin Mohammad Al-Amoudi and a number of other senior officials.
The crown prince was briefed on training programs offered by the institute to Saudi students, including train driving, maintenance of signal and control systems, maintenance of locomotives and vehicles, station and passenger services, and maintenance of railway.
He also met with trainees of the upcoming Riyadh Metro.
The crown prince lauded the high performance of the young trainees and asked them to keep up with the Kingdom’s future and Vision 2030.
The crown prince made a virtual trip on a simulator for the mining train.

No delays in private sector’s payments, says Saudi ministry

Foreign investment in Saudi Arabia more than doubled in 2018 to reach $3.5 billion

Updated 27 min 12 sec ago

Arab News

January 21, 2019 23:08

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JEDDAH: Saudi Arabia’s Finance Ministry has confirmed that 97 percent of its payments for private sector contracts are paid within 30 days of issue, with 99 percent paid within 60.

The remaining 1 percent of payments, the ministry said, were not made due to court orders, or as a result of disputes between the government and the client, and were subject to contractual dispute resolution mechanisms.

Foreign investment in Saudi Arabia more than doubled in 2018 to reach $3.5 billion.

Attracting foreign investment is a key part of the Vision 2030 plan to diversify the economy away from oil revenues.

The Kingdom is also taking all steps to make small and medium enterprises the main engine for economic development.